No Change at the Fed, or Is There?

"This has got to be one of those “Bizarro World” days for Fed chief Ben Bernanke, what with the Time Magazine “Person of the Year” award, word of growing distrust among the general population," writes Barry Ritholtz. "As for monetary policy, what seems to be low on the list of Bernanke news today, the statement that was released following the FOMC meeting a short while ago had a good deal for people to talk about, even though the key phrases of “exceptionally low” short-term rates for an “extended period” were unchanged."